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Dollar-Yen Falls To 15 Year Low As Stocks Relatively Overpriced Beyond Recognition
The USDJPY has just dropped to a 15 year low as the market is in full risk-off mode, hitting 83.54. Philip Hildebrand is also seeing black and blue as the EURCHF approaches all time lows, now that the BoJ once again let matters into other central bankers' hands.
In the meantime, based on funding correlations (AUDJPY and Curve Butterfly) stocks are so mispriced here, it is just getting ridiculous: ES is easily 20 points rich to correlation intrinsic values. There appear to be no viable correlation desks left in the world, willing to take on the Fed's now grotesque mispricing of the stock market.
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Hpw can anyone hold stocks when everyone agrees theyre overpriced to full retardation?
Nobody holds stocks right now except the FED/Treasury faux-nez, and Goldman Sachs.
The stock market is just for show to fool the sheeple into thinking everything is fine. They know 90% of Americans look at the stock market as a baraometer on how the eCONomy is doing.
I've been in the business for 25 years and this change of perspective, of using the stock market as a barometer for the economy, has happened over time, mostly by being endlessly repeated by the mainstream media.
Just as parents complain that once their children enter school, they can't compete with the constant propaganda/indoctrination drum beat of the school and the echo moving from child to child (peer to peer network) so I can't compete with the mainstream media. I see my clients once or twice a year and talk to everyone once a month. But no matter what I say, it's drowned out by the TeeVee.
u cant blame the idiot , in the end they will end up with less money to spend on the new iphone
Heck, most of the time they don't even use the whole stock market, just the Dow.
Screw you and your silly opinions. I enjoy my AGNC, CMO, NLY. Unsurprisingly, mortgages have been performing really well.
The 'Incredible Stinking Yen' is also in full retard as FX traders have forgotten that Japan's DEBT/GDP ratio exceeds 200%.
O.B.A.R?.......more like F.U.B.A.R
...and I thought it was going to be a slow week watching no volume ramp jobs.
Maybe not a slow week....but will be full of NO VOLUME RAMP JOBS...when ever possible.
How can anyone hold anything but gold and silver, as these items are not mass produced, nor or they made of promises to pay, and you just cannot go into your back yard and produce these items. If you can do this in your backyard, I sure as hell would not tell anyone. hehehe...I would be buying as much as I could with worthless Federal Reserve Notes...
the es may be 20 points over currency correlation
but in correlation to reality the ES is 1100 points ovepriced
unless it changes and only has gold mining stocks in its list
+1
short euro, short aussie/yen, long gold on a pullback.
Forex live is reporting rumors of barriers at 83.50.
http://www.forexlive.com/130223/all/usdjpy-slips-to-fresh-trend-lows
Because the people who are purchasing don,t care about the fact that they are the market,they are the Government in one guise or another.They are so out of reality,the "confidence" they wish to portray is only confidence to them.
There is demand for yen no matter what BoJ sez or does. Japan is stable and in Asia. What more do oyou need to know in order to convert your dollars to yen?
its debt to gdp ratio is the highest in the world at over 200 percent.............. and has been in a depression since the 80's due to Krugman /keynesian policies... other than that its doing great
Tell that to a yen which has been increasing in value for over 3 years. Dont fight the tape.
whats this don't fight the tape crap
I guess you are long stocks then?
I fight ther tape as i a;like to be on the side of common sense
and reality. True the dollar will soon be worthless but I predict Japan will slip into hyperinflation first
Im not long stocks, but I am long the yen. To me, Japan is stable, an exporting nation, with a culture of paying its debts. A much rosier fundamental picture over the USD. As asia becomes more dominant, I suspect the yen will be the asian reserve currency. good luck to all.
Also don't forget that Japan is almost finished amortizing banking losses over 30 years, and soon will start de-zombifying. Japan's assets are relatively beat down and move is flowing in there.
Basically Japan even with its own monetizing and lots decades, is still recognized as the least batshit-insane of all nations I guess.
it may eb stable but it terms of a keynesian disaster you need to look no further than Japan
Its an economic disaster with debts to the eyeballs
Japan has been the US's (and the Fed's) bitch since the war. Every US problem since then has been exported to Japan. This "crisis" is no different.
least insane sheep?
guess you havn;t seen too much Japanese Tv then.......
jeez look at the PPt trying to save the ES now
it freefalled to 1097 then got stuck before they ground it up again
come on bears lets finish this thing
POMO liquidity dump in 15 minutes
AEP is worried about the military ambitions of China's "young officers" (he isn't the only one)...
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100007519/china’s-young-officers-and-the-1930s-syndrome/
If AUD/JPY (76.3) gets back over 76.6, the market will rip. This looks like a low volume sell off. I don't disagree fundamentally, but the mkt looks like it wants to go higher.
AEP is a prick who thinks keynesian actions are th eonly thing that can save us. Hes like a drunk who occasionally has a moment of lucidity and can thi nk clearly and writes some great peices sometimes..
other times its drivel
http://www.telegraph.co.uk/finance/comment/ambroseevans_pritchard/7982807/Dangerous-Defeatism-is-taking-hold-among-Americas-economic-elites.html
no wonder you have to login to post commnets now
I have never read such uninformed shite as this
he thinks the problem is the money supply shrinking
No ambrose the prob;lem was the credit bubble that preceeded
the Deflation is whats needed
he seems to think deflation should be stopped at any measure much like bennie boy
class A twat
Ahahahaha!
"Representatives of several banks said they were simply following the guidance provided by the Committee of European Banking Supervisors, the London-based group that coordinated the tests."
http://www.dailymarkets.com/stock/2010/09/07/european-bank-stress-tests-...
Silly American Markets, in the buying frenzy of the last week, you forgot that there are world markets to consider as well...
PPT deployment in T-minus 10, 9, 8, 7, 6 ...
Sisyphean... watch out for falling rocks.
USD/JPY should bounce up off these levels, and the AUD/JPY too.
DOW/S&P500/FTSE/EURO short signal continues:
http://stockmarket618.wordpress.com